Stories for February 2014

Monday, February 24th 2014 - 04:49 UTC
Venezuelan situation could delay the Mercosur summit scheduled for March

The Mercosur summit is still scheduled for March but given the current situation in Venezuela, host of the event, “there could be another delay” admitted Paraguay's Foreign minister Eladio Loizaga, who added that there are permanent contacts between members countries to try and avoid another scenario.
Saturday, February 22nd 2014 - 07:11 UTC
Cristina Fernandez ratifies solidarity with Venezuela: opposition should wait for next elections

In a rally at the Buenos Aires province town of Florencio Varela, President Cristina Fernandez ratified Argentina’s “solidarity” with the Venezuelan government of President Nicolas Maduro, as the fifth Mercosur full member continues to be caught up in a wave of violent protests that have claimed the lives of 6 so far.
Saturday, February 22nd 2014 - 07:04 UTC
OECD warns global economy is threatened by a new low-growth era

A widespread slowdown in global economic productivity is threatening to usher in a new low-growth era, the Organisation for Economic Cooperation and Development has warned.
Saturday, February 22nd 2014 - 06:58 UTC
The new Falklands war: fought over the waves

By Robert Taylor (*) - It’s 32 years since Argentina’s brief occupation of the Falklands ended in humiliation. But, if anything, her desire to swallow up the Islands is stronger than ever. Oil is a big factor, of course, but even more fundamental is the passionate (if unjustifiable) belief that the British stole the Falklands in 1833 in an act of old-fashioned colonialism – a perceived wrong that successive Argentine governments seem determined to right.
Saturday, February 22nd 2014 - 06:40 UTC
Falklands' annual inflation 0.6%; improvements planned for the index

The Falkland Islands inflation for the last quarter rose by 0.03% with an annual increase of 0.6% it was announced at this week’s Standing Finance Committee, reports the Penguin News.
Saturday, February 22nd 2014 - 06:34 UTC
Argentina's trade balance during January drops to a minimum of 35 million dollars

Argentina’s balance of trade in January unveiled a small surplus of 35 million dollars, which represents a decrease of 88% comparing the same period in 2013. According to the government stats office, Indec, exports reached 5,3 billion dollars, a retraction of 8%, compared to the same month last year, while imports hit 5.1 billion, a downfall equal 4%, compared to January 2013.
Saturday, February 22nd 2014 - 06:28 UTC
Argentine economy expanded 4.9% last year, according to government data

The Argentine economy expanded 4.9% last year according to the official stats office Indec 'monthly economic growth indicator', EMAE, which is usually a good anticipation of the final figures. If confirmed Argentina will have grown uninterruptedly since the 2002 crisis, when the major default and melting of the economy.
Saturday, February 22nd 2014 - 06:21 UTC
YPF and Repsol are expected to sign a compensation deal next week

Spanish oil major Repsol said Friday that, as part of a preliminary compensation deal struck last year with the Argentine government for the seizure of its former unit, YPF, it will take a charge of 1.28 billion Euros (1.76 billion dollars) on its 2013 earnings.
Saturday, February 22nd 2014 - 06:06 UTC
Dilma invites the pope to the World Cup and presents him with a 'verde-amarella' jersey

Pope Francis received Friday in a private audience Brazilian President Dilma Rousseff, who formally invited the Argentine pontiff to visit her country during the World Cup soccer championship, which begins June 12.
Saturday, February 22nd 2014 - 05:48 UTC
Tall ships parade in Punta del Este; Mujica invited to a reception in ARA Libertad

Uruguayan president Jose Mujica is scheduled to attend a reception on Saturday at Argentina's tall ship Libertad, which together with several similar vessels is participating in the '2014 Latin American Sails' tour of thirteen Latin American and Caribbean ports, and on Friday arrived to Punta del Este.